Thirteenth lecture of Principles of Economics explores time preference as the rate at which individuals discount the future, how property rights and hard money reduce uncertainty and lower time preference, enabling saving and investment, and why the progressive lowering of time preference is the driving force behind capital accumulation and the process of civilization.

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Twelfth lecture of Principles of Economics explores capitalism as the system of private ownership of capital goods, how free capital markets allocate resources to their most productive uses through profit and loss, why economic calculation requires private property, and why socialism fails without it.

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Eleventh lecture of Principles of Economics explains how individual preferences coordinate production and consumption decisions through economic calculation based on property rights, and why consumer sovereignty drives entrepreneurial decisions in the market order.

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Tenth lecture of Principles of Economics explores money as the most salable good, how it emerges from trade, solves the coincidence-of-wants problem, enables calculation and specialization, preserves value across time, and why hardness matters more than quantity.

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Trump’s Three-Card-Monte Takes on the Chess Grandmasters

This is a full reading of Saifedean's article analyzing one month of the Iran War and its likely political and economic consequences.

https://x.com/saifedean/status/2038250120890769859

https://saifedean.substack.com/p/escalating-from-suez-to-waterloo

Ninth lecture of Principles of Economics explores trade as voluntary exchange that benefits all parties, explaining subjective valuation, absolute and comparative advantage, and how specialization and the division of labor raise productivity, cooperation, and civilization.

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Eighth lecture of Principles of Economics examines energy and power as essential drivers of production, showing how abundant energy, especially hydrocarbons, raises productivity, expands trade and living standards, and helps explain prosperity, freedom, and the decline of slavery.

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Seventh lecture of Principles of Economics explores technology as non-scarce knowledge that raises productivity and drives long-term growth, explaining why innovation creates new work instead of destroying it, and examining the economic arguments surrounding intellectual property.

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